Operating Agreement Of Llc Page 2
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17d.
Term.
The
Company’s
existence
commenced
on
_______________
[Instructions: Insert the date of LLC formation] and shall continue for the term stated in the
Articles unless sooner terminated pursuant hereto or as set forth in the Act.
e.
Purpose. The general purpose of the Company will be to transact any and all
businesses for which limited liability companies may be formed under ________________
[Instructions: Insert the state of LLC formation] law, to engage in all activities reasonably
necessary or incidental thereto, and to engage in any or all businesses and related activities
approved by the Members as set forth herein.
f.
Registered Office; Agent. The Company shall maintain an office in
_________________ [Instructions: Insert the state where the LLC’s office will be located] as
required by the Act at which it shall maintain the records required to be maintained there by the
Act. The Company may have such other offices as the Members may determine, within or
without the State of _________________ [Instructions: Insert the state where the LLC’s
office will be located] and any such office may be the Company’s principal place of business, as
determined by the Members. The Company’s initial agent for service of process required by the
Act is as set forth in the Articles and may be changed if and as determined by the Members.
g.
Management of Business. As more fully set forth herein, the business of the
Company will be conducted by the Members as a member-managed limited liability company.
h.
Tax Classification. The Members intend the Company to be classified as a
partnership for federal and, to the maximum extent possible, state income taxes. This
classification for tax purposes does not create or imply a general partnership, limited partnership,
or joint venture between the Members for state law or any other purpose. Instead, the Members
acknowledge the Company’s status as a limited liability company formed under the Act.
2.
MEMBERS
a.
Initial Members. The name, social security number, business or residence street
address, initial capital contribution, and percentage interest in the Company (the “Sharing
Ratio”) of each Member are as follows:
Name
Social Security
Address
Initial Capital
Sharing
Number
Contribution
Ratio
__________
__________
__________
$__________
___%
[Instructions:
[Instructions:
[Instructions: Insert
[Instructions:
[Instructions
Insert name]
Insert SSN]
address]
Insert
: Insert
amount]
percent]
__________
__________
__________
$__________
___%
[Instructions:
[Instructions:
[Instructions: Insert
[Instructions:
[Instructions
Insert name]
Insert SSN]
address]
Insert
: Insert
amount]
percent]
__________
__________
__________
$__________
___%
[Instructions:
[Instructions:
[Instructions: Insert
[Instructions:
[Instructions
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business